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If Bitcoin rises and breaks through $104,000, the cumulative short order liquidation intensity of mainstream CEX will reach $371 million.
On November 8, according to Coinglass data, if Bitcoin rebounds and breaks through $104,000, the cumulative short order liquidation strength on major CEX will reach $371 million. Conversely, if Bitcoin falls below $101,000, the cumulative long order liquidation strength on major CEX will reach $552 million. BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, that is, strength. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that when the price reaches it, there will be a stronger reaction due to liquidity waves.